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CIB Egypt increases individual financing to EGP 34.881bn in September 2020 - Daily News Egypt

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CIB Egypt increases individual financing to EGP 34.881bn in September 2020

The bank's syndicated loans portfolio amounted to about EGP 30.628bn in September 2020, compared to EGP 33.642bn in December 2019.


The volume of individual finance provided by the Commercial International Bank – Egypt (CIB) reached nearly EGP 34.881bn in September 2020, up from EGP 27.276bn in December 2019, an increase of EGP 7.605bn.

The financial indicators of the CIB revealed that its portfolio of loans and customer facilities registered about EGP 118.47bn in September 2020, compared to EGP 119.32bn in December 2019.

The bank’s syndicated loans portfolio amounted to about EGP 30.628bn in September 2020, compared to EGP 33.642bn in December 2019.

Moreover, the personal loan portfolio amounted to about EGP 26.603bn in September 2020, compared to EGP 20.219bn in December 2019, while the bank’s mortgage finance portfolio recorded about EGP 1.891bn, compared to EGP 1.330bn in the comparison period.

The bank’s financial statements revealed that the volume of credit cards recorded EGP 4.899bn in September 2020, compared to EGP 4.264bn in December 2019.

The bank’s current accounts recorded about EGP 1.486bn in September 2020, compared to EGP 1.462bn in December 2019.

In the same context, customer deposits in the Bank increased to EGP 321.210bn in September 2020, compared to EGP 304.483bn in December 2019.

The bank’s financial statements revealed that the bank’s total assets increased by EGP 413.166bn in September 2020, compared to EGP 386.696bn in December 2019.

The bank’s issued and paid-up capital also increased to EGP 14.776bn in September 2020, compared to EGP 14.690bn in December 2019.

Topics: CIB Egypt

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https://dailyfeed.dailynewsegypt.com/2020/12/19/cib-egypt-increases-individual-financing-to-egp-34-881bn-in-september-2020/
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